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Micron Technology Bullish Moving Average Crossover Alert (MU)

By Amy Schwartz

Today, shares of Micron Technology (NASDAQ:MU) have crossed bullishly above their 10-day moving average of $15.77 on a volume of 14.3 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Micron Technology have traded between a low of $9.35 and a high of $20.57 and are now at $16.29, which is 74% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 0.4%.

SmarTrend recommended that subscribers consider buying shares of Micron Technology on July 25th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.11. Since that recommendation, shares of Micron Technology have risen 10.0%. We continue to monitor MU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Micron Technology

Ticker(s): MU